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Card counting is based on statistical evidence that high cards ( aces, 10s, and 9s) benefit the player, while low cards, (2s, 3s, 4s, 5s, 6s, and 7s) benefit the dealer. High cards benefit the player in the following ways: They increase the player's probability of hitting a Blackjack, which often pays out at 3 to 2 odds (although some casinos ...
Martingale (betting system) A martingale is a class of betting strategies that originated from and were popular in 18th-century France. The simplest of these strategies was designed for a game in which the gambler wins the stake if a coin comes up heads and loses if it comes up tails. The strategy had the gambler double the bet after every loss ...
Blackjack players using basic strategy lose on average less than 1% of their action over the long run, giving blackjack one of the lowest edges in the casino. The house edge for games where blackjack pays 6 to 5 instead of 3 to 2 increases by about 1.4%, though. Player deviations from basic strategy also increase the house edge. Dealer hits soft 17
Aces and eights (blackjack) Two aces and two eights in a standard deck of playing cards. Splitting aces and eights is part of blackjack basic strategy. Rules vary across gambling establishments regarding resplitting, doubling, multiple card draws, and the payout for blackjack, and there are conditional strategic responses that depend upon the ...
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Gambler's ruin. In statistics, gambler's ruin is the fact that a gambler playing a game with negative expected value will eventually go bankrupt, regardless of his betting system. The concept was initially stated: A persistent gambler who raises his bet to a fixed fraction of the gambler's bankroll after a win, but does not reduce it after a ...